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Stock impact report

Are Q3 revenue estimates too high? [CNBC]

UNITED TECHNOLOGIES (UTX) 
Last united technologies earnings: 1/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: utc.com/investors/pages/default.aspx
Company Research Source: CNBC
SeongJoon Cho | Bloomberg | Getty Images A Honeywell Aerospace T55 engine at the Seoul International Aerospace & Defense Exhibition in Goyang, South Korea. Earnings season is upon us — but some are concerned estimates may be too high. The stakes this quarter are unusually high. The earnings recession is supposed to end this quarter, reversing five straight quarters of earnings decline. Improvements in top-line growth, revenues, are supposed to bring that boost. Revenues are expected to increase 2.5 percent, according to Thomson Reuters. That would be the first increase in revenues in the last six quarters. But in the last two trading sessions, three large global industrials have lowered earnings and revenue estimates for the full year: Dover , Honeywell , and PPG . Dover was the latest to warn this morning. The company is big in commercial refrigeration, oil drilling and production, as well as pumping systems. Its commenta Show less Read more
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